Dr. Constantin Gurdgiev has proposed an interesting alternative that he calls Nama 3.0 that includes also some proposals advanced first by Patrick Honohan, Brian Lucey and Karl Whelan
It follows the swedish bad bank model, and includes such things as debt-equity swaps, full writedowns of impaired assets, accountability, transparency.
Debt to equity swaps ensure that the banks will not be 100% government owned.
Detailed information here:
http://trueeconomics.blogspot.com/2009/08/nama-30-more-weight.html
It follows the swedish bad bank model, and includes such things as debt-equity swaps, full writedowns of impaired assets, accountability, transparency.
Debt to equity swaps ensure that the banks will not be 100% government owned.
Detailed information here:
http://trueeconomics.blogspot.com/2009/08/nama-30-more-weight.html